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Economic Security, Well Functioning Courts and a Good Government

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  • mamoon, dawood

Abstract

The paper defines economic security as a country’s ability to re distribute incomes through a strong governance structure by practicing rule of law, eliminating corruption and a government that acts as a facilitator by formulating effective fiscal and monetary policy and regulation. The results suggest that courts that implement national laws effectively and punish corruption and a government that has balance budgets and investment friendly monetary policy ensures economic security by means of welfare friendly outcomes that favor the incomes of the poor and middle class. There is also evidence that redistribution takes place from rich to the poor. As a result income and wage inequalities fall down.

Suggested Citation

  • mamoon, dawood, 2011. "Economic Security, Well Functioning Courts and a Good Government," MPRA Paper 30570, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:30570
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    Cited by:

    1. Md. Harun Ur Rashid & Noman Uddin & Md. Shariful Haque & Syed Zabid Hossain, 2022. "Good governance and tax evasion: mediating effect of socioeconomic conditions," Asia-Pacific Journal of Regional Science, Springer, vol. 6(2), pages 759-776, June.
    2. Mishchuk Ievgeniia, 2020. "Evaluation of the performance of implementation of strategic measures of ensuring economic security of enterprises," Technology audit and production reserves, Socionet;Technology audit and production reserves, vol. 2(4(52)), pages 4-10.
    3. Mamoon, Dawood, 2020. "How Capitalism and Islamic Economics Supplement Each Other," MPRA Paper 103696, University Library of Munich, Germany.
    4. Ganna Iefimova & Andrey Labartkava & Oleksiy Pashchenko, 2020. "Methodical Support Of Assessment Of The Development Of Economic Security Of The Region," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(5).
    5. Thales Pacific Yapatake Kossele & Li Jin Shan, 2018. "Economic Security and the Political Governance Crisis in Central African Republic," African Development Review, African Development Bank, vol. 30(4), pages 462-477, December.

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    More about this item

    Keywords

    Governance; Redistribution; Inequality;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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